5 Best High-Dividend Stocks to Buy Now

In this article, we discuss 5 best high-dividend stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 11 Best High-Dividend Stocks to Buy Now. 

5. Medifast, Inc. (NYSE:MED)

Dividend Yield as of November 14: 10.07%

Medifast, Inc. (NYSE:MED) is a Maryland-based company in the health and wellness industry, specifically specializing in weight management and wellness products. The company currently pays a quarterly dividend of $1.65 per share, having raised it by 0.6% earlier this year. This marked the company’s eighth consecutive year of dividend growth, which makes MED one of the best dividend stocks on our list. The stock’s dividend yield came in at 10.07%, as of November 14.

At the end of Q2 2023, 18 hedge funds tracked by Insider Monkey owned stakes in Medifast, Inc. (NYSE:MED), down from 22 in the previous quarter. The total value of these stakes is over $80.4 million.

4. Black Stone Minerals, L.P. (NYSE:BSM)

Dividend Yield as of November 14: 10.96%

Black Stone Minerals, L.P. (NYSE:BSM) is involved in the oil and gas industry, particularly in the acquisition and management of mineral and royalty interests. On October 19, the company announced a quarterly dividend of $0.475 per share, which was consistent with its previous dividend. After slashing its dividend in 2020 due to the pandemic, the company has raised its payouts many times. The stock’s dividend yield on November 14 came in at 10.96%.

As of the close of Q2 2023, 8 hedge funds in Insider Monkey’s database reported having stakes in Black Stone Minerals, L.P. (NYSE:BSM), which remained unchanged from the previous quarter. The collective value of these stakes is more than $20.2 million. Epacria Capital Partners was the company’s leading stakeholder among these hedge funds.

3. BrightSpire Capital, Inc. (NYSE:BRSP)

Dividend Yield as of November 14: 12.09%

BrightSpire Capital, Inc. (NYSE:BRSP) is a California-based real estate credit company that specializes in real estate investments, particularly in the residential real estate sector. The company’s quarterly dividend currently stands at $0.20 per share and offers a dividend yield of 12.09%, as of November 14.

BrightSpire Capital, Inc. (NYSE:BRSP) was a part of 9 hedge fund portfolios at the end of Q2 2023, compared with 13 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of over $100.4 million.

2. Arbor Realty Trust, Inc. (NYSE:ABR)

Dividend Yield as of November 14: 12.66%

Arbor Realty Trust, Inc. (NYSE:ABR) is next on our list of the best dividend stocks with high yields. The American real estate investment trust company has been growing its dividends for 11 years running. The company pays a quarterly dividend of $0.43 per share for a dividend yield of 12.66%, as recorded on November 14.

At the end of June 2023, 12 hedge funds in Insider Monkey’s database owned investments in Arbor Realty Trust, Inc. (NYSE:ABR), worth over $55 million in total. Among these hedge funds, Omega Advisors was the company’s leading stakeholder in the second quarter.

1. NextEra Energy Partners, LP (NYSE:NEP)

Dividend Yield as of November 14: 14.27%

NextEra Energy Partners, LP (NYSE:NEP) is a limited partnership that is involved in the renewable energy sector, particularly in the acquisition, management, and ownership of clean energy projects. It is one of the best dividend stocks on our list as the company has raised its payouts every quarter since 2015. On October 24, the company announced a 2% hike in its quarterly dividend to $0.8675 per share. The stock’s dividend yield on November 14 came in at 14.27%.

According to Insider Monkey’s database of Q2 2023, 23 hedge funds owned stakes in NextEra Energy Partners, LP (NYSE:NEP), valued collectively at over $285 million. In the previous quarter, 24 hedge funds held investments in the company.

You can also take a look at 10 Best Dividend Stocks According To Jim Cramer and 12 Cheap NASDAQ Stocks To Buy